Soery's Group

Living in a thatched roof house in a rural village of the Moung Russey district of Battambang province in Cambodia, Soery is 55 years old and married.

She and her husband have one son. She and her husband earn a living through rice farming and also through working for others for a fee and they have been in this business for 10 years. With her current business, she is able to earn approximately 14,000KHR per day to support her family.

This is the fifth loan for Soery with Kiva’s partner, VisionFund. She has successfully paid back the past loans which have helped her better support her family with enough food. Now she is leading her group to ask for another loan of 1,000,000KHR each. As the leader, she is going to use her portion to buy fertilizer for her farmland and use a portion of it to spend on the labor costs in plowing her field. She hopes to increase her crop yield and sell it for a good price so as to improve her lifestyle.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.